Lockheed Martin director defers fees into stock units
The deferred compensation units convert one-for-one to common stock and are settled in cash at retirement or termination of service.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Lockheed Martin Corp (LMT) director John Donovan acquired 96.9563 phantom stock units on September 30, 2026, through director retainer-fee deferral at $509.25 per share under the Directors Deferred Compensation Plan. His indirectly held balance under that plan was 1,665.5769 units after the transaction, including additional acquisitions through dividend reinvestment. He also reported 2,077.1854 indirectly held phantom stock units under the Directors Equity Plan.
Insider Trade Summary
Grant/Award: 96.9563 shares
Grant/Award
2 txns
Insider
Donovan John
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units F1, F2, F3 | 96.9563 | -- | -- |
| holding | Phantom Stock Units F1, F4, F3 | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Units — 1,665.5769 contracts (Indirect, Lockheed Martin Directors Deferred Comp Plan);
Phantom Stock Units — 2,077.1854 contracts (Indirect, Lockheed Martin Directors Equity Plan)
Footnotes (4)
- F1. Phantom stock units convert to common stock on a one-for-one basis.
- F2. The information pertains to phantom stock units acquired at $509.25 per share through director retainer fee deferral under the Lockheed Martin Corporation Directors Deferred Compensation Plan exempt under Section 16(b). Units are settled in cash upon the reporting person's retirement or termination of service.
- F3. Holdings as of reportable transaction date include additional acquisitions through dividend reinvestment.
- F4. The information pertains to previously acquired stock units under the Lockheed Martin Corporation Amended and Restated Directors Equity Plan exempt under Section 16(b). Settlement in cash or stock (as elected by the director) will occur upon the reporting person's retirement or termination of service, except that non-employee directors who have satisfied our stock ownership guidelines may elect to have payment of awards granted on or after January 1, 2018 (together with any dividend equivalents thereon) made on the first business day of April following vesting of the award.
Key Figures
Phantom stock units acquired: 96.9563 units
Per-share amount: $509.25 per share
Deferred Compensation Plan holdings: 1,665.5769 phantom stock units
+1 more
4 metrics
Phantom stock units acquired
96.9563 units
September 30, 2026; Directors Deferred Compensation Plan
Per-share amount
$509.25 per share
Director retainer fee deferral
Deferred Compensation Plan holdings
1,665.5769 phantom stock units
After the September 30, 2026 transaction; includes additional acquisitions through dividend reinvestment
Directors Equity Plan holdings
2,077.1854 phantom stock units
Previously acquired units reported September 30, 2026
Key Terms
Phantom stock units, director retainer fee deferral, dividend reinvestment, stock ownership guidelines
4 terms
Phantom stock units financial
"Phantom stock units convert to common stock on a one-for-one basis."
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
director retainer fee deferral financial
"acquired at $509.25 per share through director retainer fee deferral"
dividend reinvestment financial
"include additional acquisitions through dividend reinvestment"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
stock ownership guidelines technical
"non-employee directors who have satisfied our stock ownership guidelines"
Stock ownership guidelines are company rules that require executives and board members to hold a minimum amount of the company’s shares, often expressed as a dollar value or as a multiple of their salary. They matter to investors because they align leaders’ financial incentives with long-term shareholder value—think of it as forcing managers to have “skin in the game”—and can reduce the likelihood of short-term decisions that hurt the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many LMT phantom stock units did John Donovan acquire and at what price?
John Donovan acquired 96.9563 phantom stock units at $509.25 per share on September 30, 2026, through director retainer fee deferral under the Directors Deferred Compensation Plan. The units convert to common stock on a one-for-one basis.
When are John Donovan's LMT deferred and equity-plan units settled?
The Directors Deferred Compensation Plan units are settled in cash upon retirement or termination of service. Directors Equity Plan units are settled in cash or stock, as elected, upon retirement or termination, with an option for eligible non-employee directors to elect payment of awards granted on or after January 1, 2018, and their dividend equivalents, on the first business day of April following vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
